BTCUSD (Coinbase) Even though bulls managed to push the price above the 2021 ATH, that wasn’t enough for a sustained move on the upside. Bitcoin almost touched $74,000 and then retraced sharply towards $65,000, showing that this market remains vulnerable to selling pressure. We believe traders have been ahead of
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Bitcoin is officially trading at an all-time high, after managing to surpass the $69,000 level reached in November 2021. As we expected last week, $69k acted as a temporary resistance level, but there’s nothing to cap the overwhelming flow of bullish interest. Looking at the 4 chart, we
BTCUSD (Coinbase) In our last weekly analysis, we expected continued consolidation and this assumption was wrong. Bitcoin broke above $53,000 and what followed was a major move on the upside. The price found temporary resistance near $64,000, but it’s clear now that the all-time is closer than ever this year.
BTCUSD (Coinbase) Bitcoin bullish momentum stopped on a dime after touching the $53,000 level, a key resistance we highlighted a week ago. Since then, the market traded sideways, as volatility crushed, even though there has been strong bullish momentum in the stock markets. This shouldn’t be treated as a reason
BTCUSD (Coinbase) The bullish momentum continued last week and Bitcoin is now trading at new 2024 highs. Buyers had little struggle breaking above $49,000, confirming the strong bids. Although we believe there is room for further upside, traders wanting to get long should proceed cautiously. When the market goes up
BTCUSD (Coinbase) A couple of weeks ago we highlighted the $45,000 area as key resistance and that the bull trend will only resume on a break above. The potential for a head and shoulders pattern is now negated and the prospects for a continuation towards 50,000 have improved dramatically. At
BTCUSD (Coinbase) We can’t see a lot of activity in Bitcoin during the last couple of days and it looks like buyers have shifted attention to other coins. In terms of technicals, the price is now locked inside a triangle pattern and figuring out the next impulsive move looks a
BTCUSD (Coinbase) Despite a temporary dip below $40,000, the Bitcoin price managed to rebound, communicating buyers were confident to buy around the lows. Although some losses have been erased, we would like to reiterate caution, as some signs continue to point towards uncertainty. Added to that, you should not forget
BTCUSD (Coinbase) Bitcoin volatility is lower now and the price continues to slowly slide lower in the aftermath of the ETF saga. Despite interest in such instruments listed in the US market, the BTC price is no longer affected by this piece of news. The market should shift attention to
BTCUSD (Coinbase) The ETF drama is over and now there are 11 such instruments listed in the US. We’ve warned that a buy-the-rumor sell-the-fact scenario could unfold and so far our call has been right. Additionally, we’ve flagged the $48,200 as a key resistance level and the price failed to
